Silvergate Capital Corp SI shares are trading lower by 6.10% to $16.33 Thursday morning. Silvergate Capital is trading lower amid ongoing volatility in the name following a Bloomberg report last week suggesting U.S. prosecuters in the Justice Department’s fraud unit are looking into Silvergate Captial’s dealings with FTX and Alameda Research. Also, broader weakness in crypto prices for the session may be contributing to a fall in the share price.
See Also: Why Wynn Resorts Shares Are Seeing Blue Skies Thursday
According to data from Benzinga Pro, SI has a 52-week high of $162.64 and a 52-week low of $10.81.